Rental Property and Restaurant | 6202-6208 State Highway 28
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Rental Property and Restaurant 6202-6208 State Highway 28
9 Room Hotel Fly Creek, NY 13337 $950,000 ($105,556/Room) 4.42% Cap Rate
Investment Highlights
- Corner building in high traffic area
- Fully renovated Bar and Restaurant. Best cocktails and beverage selection between Albany and Utica !
- On site parking
Executive Summary
Operating bar & restaurant business plus four income producing apartment rentals and one more store on 2.7 acre lot.
The building is located in a high traffic area, at the junction of fly creek, across from the general store and on the route between the baseball hall of fame and baseball dreams park. The building is also in minutes walking distance of the Bassett hospital.
The building has on site parking and has benefited from recent upgrades, such as new roof, new paint on the hallways and partial apartment renovations.
Wonderful opportunity for chefs/restaurateurs that want to own their restaurants and have the rents pay the mortgage.
The building is located in a high traffic area, at the junction of fly creek, across from the general store and on the route between the baseball hall of fame and baseball dreams park. The building is also in minutes walking distance of the Bassett hospital.
The building has on site parking and has benefited from recent upgrades, such as new roof, new paint on the hallways and partial apartment renovations.
Wonderful opportunity for chefs/restaurateurs that want to own their restaurants and have the rents pay the mortgage.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | $62.00 | - |
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PROPERTY TAXES
| Parcel Number | 365089-114-005-0001-037-000-0000 | Improvements Assessment | $241,300 |
| Land Assessment | $94,700 | Total Assessment | $336,000 |
PROPERTY TAXES
Parcel Number
365089-114-005-0001-037-000-0000
Land Assessment
$94,700
Improvements Assessment
$241,300
Total Assessment
$336,000
zoning
| Zoning Code | 01 (commercial zoning.) |
| 01 (commercial zoning.) |
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Constantine Gavalas - 6208 Hwy 28 food corp
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Rental Property and Restaurant | 6202-6208 State Highway 28
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